Islamic Financial System - insurtech vs fintech

DJI Mini 2 drones may help with claims administration and fraud prevention throughout the insurance lifecycle. Drone-powered solutions improve the beneficiary experience and provide real-time information, risk monitoring, and evaluation. Black Friday drone deals offer high-quality drones that can be bought for business activities. Benefits of Drones in the Insurance sector or InsurTech There are the following benefits of InsurTech that can be get by adopting drones in insurance business operations and products like auto/travel insurance policy or coverage, and property casualty insurance coverage. Assessment Drones may be used to collect data before a risk is insured, for preventive maintenance, and for damage assessment. Insurers may hire a generalist, not a specialist, to undertake field inspections and get high-quality images. The insurance may save money by using drones more efficiently, producing an ROI. State Farm uses drones to survey properties. Claim Management Insurance fir...

Blockchain technology  is part of financial technology, abbreviation of FinTech / fintech . if same this financial tech applied in insurance sector then called InsurTech . Blockchain is a hot topic nowadays especially due to introduction of cryptocurrencies in financial market.  What is  Blockchain  Financial  Technology? Blockchain fintechnology name is kept due to data stored in form of blocks which are interconnected with each other that makes a long chain. This long chain makes difficult to change data in one block due to interconnected chain of blocks. If one change is brought in one block then all changes have to be incorporated in other blocks which is very tedious task.  This immutable feature of this technology makes data hard to change leading to transparent data.  This blockchain technology firstly introduced for transactions purpose as it connects all nodes in a network who can makes transactions directly without middleman and transacti...

💓 InsurTech is abbreviation of insurance technology which means all advance technologies in trend like Artificial Intelligence, Cloud Computing, Big Data Analytics, Data Science, Machine Learning, Deep Learning, and much more. These technologies have potential to revolute the whole insurance industry structure entirely. If we see one application of only one technology like IoT with Artificial Intelligence in car insurance product of insurance industry, it has great potential to revolute whole business structure on which base this product is offered. Lets understand the revolution process only by this one technology like IoT with merging Artificial Intelligence. IoT means internet of thing defined as any object which has capability to be connected with internet falls in this category. for example, smart watch, smart home, smart city, smart building, smart camera, smart T.V, smart manufacturing plant, smart car and so on. Telematic is a device which falls in IoT category as it can mea...